Searches And Hires
The system expects to receive a recommendation from its general investment consultant to reinvest funds at a future board meeting after approving the termination of a hedge fund manager last week.
The board also named a new retirement manager.
The retirement system is seeking a domestic mid-cap growth equity manager to handle a $12 million mandate.
The plan is conducting the search to comply with state procurement regulations.
The plan is seeking regional and country-specific international equity managers.
The plan is looking to increase its core exposure in light of rising interest rates.
The Lone Star State retirement fund terminated one equity manager and placed another two on watch this week.
The plan eliminated one firm from consideration after finalist interviews today.
The search follows the plan increasing its real estate target by 5% earlier this year.
The plan will consider issuing two consultant RFPs due to upcoming contract expirations and recently added a private equity commitment.